Simplex Mills Company Ltd — Important, 13-04-2026: Company Update

The company has called an Extra-Ordinary General Meeting to seek shareholder approval for selling the land of its closed Textile Plant. This plant ceased operations due to continued losses, becoming commercially unviable. The sale aims to unlock value from this non-operational asset, which previously had its machinery disposed of. The Board supports the special resolution to dispose of the land, with the net proceeds intended for general corporate purposes, benefiting the company and its stakeholders.